M&A Deal Summary

Quadient Acquires Beanworks

On March 22, 2021, Quadient acquired internet software and services company Beanworks

Acquisition Highlights
  • This is Quadient’s 2nd transaction in the Internet Software and Services sector.
  • This is Quadient’s 4th transaction in Canada.
  • This is Quadient’s 2nd transaction in British Columbia.

M&A Deal Summary
Date 2021-03-22
Target Beanworks
Sector Internet Software and Services
Buyer(s) Quadient
Deal Type Add-on Acquisition

Target

Beanworks

Vancouver, British Columbia, Canada
Beanworks specializes in Software as a Service (SaaS) Accounts Payable Automation solutions. The company was founded in 2012 and is headquartered in Vancouver, Canada. A highly performing FinTech with an attractive SaaS recurring revenue model and a track record of high double-digit annual revenue growth, Beanworks supports the accounts payable processes of nearly 800 customers that, combined, currently process more than €11.9 billion a year through the platform.

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Buyer(S) 1

Buyer

Quadient

Bagneux, France
Category Company
Founded 1924
Sector Information Technology
Employees4,662
Revenue 1.1B EUR (2024)
DESCRIPTION

Quadient guides and supports organizations in how they send and receive communications and goods, helping them to better connect with their customers. Its services include customer experience management (CXM), business process automation (BPA), mail-related solutions, and parcel locker solutions. Quadient was founded in 1924 and is based in Bagneux, France.

DEAL STATS #
Overall 23 of 25
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 20 of 22
State (British Columbia) 2 of 2
Country (Canada) 4 of 5
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-02 ProShip

Brookfield, Wisconsin, United States

ProShip, Inc. is a provider of enterprise-wide, automated, multi-carrier shipping and manifesting software that allows retailers, manufacturers, third-party logistics and healthcare companies to ship at lighting speeds, stay carrier compliant, and build stronger-than-ever customer revenue streams. ProShip was established in 1987 and is based in Brookfield, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-24 Sparck Technologies

Drachten, Netherlands

Sparck Technologies is a provider of automated fit-to-size packaging solutions. Sparck Technologies is based in Drachten, Netherlands.

Sell -
Mergr

Product

Company

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